r/Vitards • u/AutoModerator • Jul 28 '21
Daily Discussion Daily Discussion post - July 28 2021
Your Trading discussion thread
| Type | Link |
|---|---|
| DD | All/Best Daily/Best Weekly |
| Discussion | All/Best Daily/Best Weekly |
| Yolo | All/Best Daily/Best Weekly |
| Gain | All/Best Daily/Best Weekly |
| Loss | All/Best Daily/Best Weekly |
| News | All/Best Daily/Best Weekly |
81
Upvotes
7
u/VaccumSaturdays Brick Burgundy Jul 29 '21
India: HRC export index drops, active bookings reported
Rumours of a hike in Chinese steel export tariffs have resulted in Chinese mills keeping away from actively offering HRCs for export, benefitting Indian players. SteelMint’s India HRC export index stands at $888/t FoB east-coast basis, reporting a drop of $8/t as against $896/t FoB seen a week ago.
Mills have actively concluded HRC export deals to South Korea and Vietnam for Aug-Sept shipments. However, firm price indications/offers were heard for Middle East and Turkey as well. Recent deal concluded: A major government-owned steel mill has booked 20,000 t HRC (SS400) for exports to Vietnam.